Envestnet Asset Management Inc. Has $24.91 Million Stake in NiSource, Inc $NI

Envestnet Asset Management Inc. trimmed its position in NiSource, Inc (NYSE:NI) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 617,480 shares of the utilities provider’s stock after selling 30,039 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of NiSource worth $24,909,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC lifted its holdings in shares of NiSource by 90.7% in the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 304 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of NiSource in the second quarter valued at about $32,000. Larson Financial Group LLC lifted its holdings in shares of NiSource by 48.8% in the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 266 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of NiSource in the second quarter valued at about $40,000. Finally, Brooklyn Investment Group lifted its holdings in shares of NiSource by 57.3% in the first quarter. Brooklyn Investment Group now owns 1,370 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 499 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NI. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Saturday. Barclays upped their target price on NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Finally, Evercore ISI upped their target price on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and an average price target of $45.78.

NiSource Price Performance

NiSource stock opened at $42.56 on Tuesday. The company has a market capitalization of $20.31 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 3.13 and a beta of 0.60. NiSource, Inc has a 12 month low of $34.23 and a 12 month high of $44.88. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average is $42.28 and its 200-day moving average is $40.95.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same period in the prior year, the company earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Equities research analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, October 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 dividend on an annualized basis and a yield of 2.6%. NiSource’s dividend payout ratio is currently 59.26%.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.